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Leave IRA to Youngster

Many people bequeath their wealth to a spouse or grown children. But there's a real advantage to leaving an individual retirement account to a younger person.

That's because IRA inheritors must start taking minimum distributions based on their life expectancy the year after the original IRA owner's death. A 60-year-old who inherits a $100,000 IRA, for instance, must withdraw at least $3,968 from it the first year based on a 25.2-year...